69% of employees in the country do not meet their monthly needs, a record in Europe

2022-12-07 07:41:58Biznes SHKRUAR NGA REDAKSIA VOX

69% of employees in the country do not meet their monthly needs, a record in

69% of employees in Albania encounter difficulties in meeting their monthly needs, a percentage that is the highest in Europe and with a big difference from the countries of the European Union.

The findings were published in a recent European Commission report on working conditions and future implications. The survey is carried out once every five years through surveys of 70,000 workers in 36 European countries.

This includes EU member states, the United Kingdom, Norway, Switzerland, Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia.

After Albania are ranked the other countries of the Balkans, which in any case have a high difference with Albania. The second country, where employees report that they do not manage to meet their monthly needs, is Kosovo, with 57% of employees, followed by Montenegro, Serbia, North Macedonia at approximately the same levels and Bosnia-Herzegovina with 54%.

The report measures economic hardship in the working population using a well-established indicator: affordability. The survey asked respondents to rate their family's ability to make ends meet, taking into account the family's total monthly income from various sources on a six-point scale from "very easy" to "with great difficulty".

Differences varied widely across countries in terms of the percentage of workers struggling to make ends meet, ranging from 5% in Denmark to 69% in Albania, as shown in the chart.

Bulgaria was the EU member state with the highest percentage of workers in economic difficulty, with 42% finding it difficult to make ends meet. Traditionally, in the Nordic countries the percentage of people who find it difficult to make ends meet is very low, while the opposite happens in Eastern Europe.

Across Europe, a high proportion of lone parents were struggling financially, the survey found, with 45% saying they were struggling to make ends meet, and the figure was even higher for single mothers (48%). .

The highest percentages were among workers in households with more than two adults and children (32%) and one-person households (27%).

Not surprisingly, less skilled workers have more trouble making ends meet: 42% of workers in basic occupations, 36% of service and sales workers, and 32% of plant and machinery operators reported difficulties. The percentages among managerial, technical and professional occupations were all below 20%.

These findings, according to the report, confirm known patterns, but also emphasize that policymakers should focus on specific groups, such as single parents and workers in low-wage jobs, who are under high financial pressure even under normal circumstances.

The pandemic put an additional burden on these groups, for example when they needed to continue working but had to take on additional tasks such as home schooling and childcare.

69% of employees in the country do not meet their monthly needs, a record in


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